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Germany: Office Leasing H1 2021

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Market at a glance

Roughly 1.2 million sqm of office space was taken up in Germany's top 7 office leasing markets in H1. That put H1's results roughly 25% shy of the 10-year average. Many companies remain hesitant to commit to any decisions regarding leasing space or relocation. The fact that it is still too early to gauge the full impact of the pandemic and the measures involved gives further cause for uncertainty. The vacancy rate weighted by space rose slightly to 4.10%. Vacancy will continue to increase over the next few months and is expected to range from 2.5% in Berlin to 8.8% in Frankfurt.

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Germany: Office Leasing H1 2021

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Philipp Allroggen



Philipp graduated with a master's degree in economics in 2019. After gaining experiance in the consultancy sector (internships at PwC and HORBACH) and working as a graduate research assistant at the Chair of Quantitative Economic Policy and the ad personam Jean Monnet Chair of Macroeconomics at University of Duisburg-Essen, he joined Colliers International Germany in September 2020.

He is monitoring, analyzing and conducting research and analysis in real estate markets, macroeconomic environment, future trends and other real etstae related topics, as well as writing market reports and supporting local researchers and brokers.

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